Brazil Chile Trade Agreement

In addition to the upcoming Brazilian trade deal, Chile is also a member of the Pacific Alliance, rio group, Mercosur, APEC and UNASUR, making it a well-connected nation, in the best state of Latin American expansion. From a single hub in Chile, you can export to a variety of countries in LATAM and beyond to reduce costs and reduce risk. If you export to a country and discover a big gap in the market, you can expand into that new country so that Chile can serve as a „launching pad“ for experienced investors. On 22 October 2018, Brazil and Chile concluded their free trade negotiations after four rounds. This free trade agreement complements ECA 35, which has been in force since 1996. It contains chapters on: trade facilitation, competition policy, temporary entry of people, micro-enterprises, small and medium-sized enterprises (SPAM), good regulatory practices, e-commerce, trade, telecommunications, trade and gender, trade and environment, trade and environment, economic and trade cooperation, sanitary and phytosanitary measures, technical barriers to trade and regional and global barriers Value chains. The agreement also includes the Agreement on Investment and Financial Services, signed by the two countries in 2016, and the Agreement on Government Procurement signed in April 2018. On November 21, 2018, Brazil and Chile signed a new free trade agreement in Santiago, Chile. For the first time, Mercosur and the Pacific Alliance will cooperate and strengthen some of their common values to boost business and promote investment and trade. Although the new agreement has not yet been concluded, trade between Chile and Brazil has never been greater – last year, the two countries traded more than $8,500 million in goods and services, and in the first nine months of 2018, $7,210 million was traded. The agreement will help regulate and promote trade in several key areas, the ministry said. Chile supplies Brazil with products such as copper cathodes, salmon and wine, while Brazil supplies Chile with meat, car bodies and steel products manufactured.

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